AMAZON

Sunday, August 31, 2014

What is Factoring and How Can It Help Your Business?

Factoring might be called a flexible form of financing that is a situation where one business sells its accounts receivable, called invoices, to a 3rd party, which is a factoring firm, for a discount in exchange for immediate cash.

This is not a loan, but rather the purchase of a financial asset, the "receivable".

Factoring firms base their primary credit decision on the credit worthiness of the party obligated to pay the invoice, not you, the client. In this manner, factors can provide needed funding to small and mid-size businesses that are normally overlooked by banks and other financiers.

The value of the invoice purchases is based on the business’ receivables and not primarily on the business’ credit worthiness, a key point to financing options available to your business and your success.

A once well known bakery in Illinois where I was a traffic manager in the 80's used factoring after they landed the K-Mart account which had 2200+ stores at the time. K-Mart was very slow in paying the invoices which was a financial strain on our company, so we employed factoring and resolved the situation quickly!


Send your requests to us now at   Lgpotter33@gmail.com

Thank you.

Larry

Friday, August 29, 2014

How to Factor like a Pro! Learn how to get the most for your money fast!

Are you presently factoring, or thinking of factoring receivables as a means to raise cash or improve your cash flow?

Many businesses, like yours, use factoring as a financial tool if they have significant upfront expenses, high-product or service costs, seasonal fluctuations or timing imbalances amongst expenditures.

However, at an average cost between 3 and 7 percent of receivables, factoring is not for every business, only those with sufficient margins to absorb the costs.

So, before you take another step, let us help you FACTOR LIKE A PRO by providing the inside information you need to get the best factoring agreement for your business.

Send your requests to us now at   Lgpotter33@gmail.com

Thank you.

Larry Potter